U S Global Investors Inc. Has $4.81 Million Stock Position in Eldorado Gold Co. (NYSE:EGO)

U S Global Investors Inc. increased its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 5.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 277,019 shares of the basic materials company’s stock after acquiring an additional 15,351 shares during the period. U S Global Investors Inc.’s holdings in Eldorado Gold were worth $4,812,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EGO. Van ECK Associates Corp boosted its holdings in Eldorado Gold by 1.7% in the first quarter. Van ECK Associates Corp now owns 22,526,713 shares of the basic materials company’s stock worth $316,950,000 after acquiring an additional 380,991 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Eldorado Gold by 9.8% during the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after acquiring an additional 1,240,732 shares during the period. Vanguard Group Inc. lifted its holdings in Eldorado Gold by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,812,900 shares of the basic materials company’s stock worth $95,858,000 after acquiring an additional 38,630 shares during the period. Dimensional Fund Advisors LP increased its position in Eldorado Gold by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after buying an additional 136,900 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in Eldorado Gold in the first quarter worth $36,374,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Price Performance

EGO stock traded up $0.25 during mid-day trading on Tuesday, hitting $18.75. 92,966 shares of the stock were exchanged, compared to its average volume of 1,499,729. Eldorado Gold Co. has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65. The business has a fifty day moving average price of $17.38 and a 200 day moving average price of $16.17. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 32.46 and a beta of 0.95.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million for the quarter. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that Eldorado Gold Co. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on EGO. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank raised their target price on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Finally, CIBC raised their target price on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.38.

Eldorado Gold Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.